STR: Asia Pacific Hotel July Performance

Hotels in the Asia Pacific region posted mixed results across the three key performance metrics during July, according to STR data.

According to the supply and demand data tracker, Asia Pacific hotels’ occupancy dropped 0.2 percent to 73.6 percent while their ADR rose by 1.6 percent to USD104.16 and their RevPAR by 1.3 percent to USD76.65.

More specifically, when comparing July this year to July 2017 for Shanghai, China occupancy dropped by 2.7 percent to 76.5 percent, ADR rose 0.5 percent to CNY606.69 (USD88.76) and RevPAR dropped 2.2 percent to CNY463.94 (USD67.88).

Supply (up 3.5 percent) continued to outpace relatively flat demand (up 0.7 percent) in the market. The absolute occupancy was the lowest for a July in Shanghai since 2014, while the ADR level was the highest for a July since 2011.